Pipefitters Local Union No.537 Money Purchase Plan

Money Purchase · DOL Form 5500 · 2023

What the Filing Says About Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan

Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan is a Money Purchase retirement plan sponsored by Pipefitters Local Union No.537, headquartered in Massachusetts. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $739M in total end-of-year assets and covers 3,231 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 042760802, and the plan has been effective since 1981-09-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets grew at a solid clip from $662M at the beginning of 2023 to $739M at year-end - up 11.7%. Net assets (after liabilities) closed the year at $726M, with reported net income of $70M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Pipefitters Local Union No.537 has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $662M to $785M, a gain of 18.6%, while reported participants moved from 3,123 to 3,331 (+6.7%). The strongest year on file by total sponsor assets was 2024 at $785M; the softest was 2022 at $662M. Year-by-year, sponsor-wide filings show: 2022 - $662M in assets across 1 plan covering 3,123 participants; 2023 - $739M in assets across 1 plan covering 3,231 participants; 2024 - $785M in assets across 1 plan covering 3,331 participants.

By assets, Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan outranks 98% of the 126,618 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 7.4x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.